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Metal Tiger's McNeilly details new funding arrangement and share buyback plans

Metal Tiger's (LON:MTR) Michael McNeilly discusses with Proactive London's Andrew Scott the plans around its share buyback programme. 

MTR intends to buy back up to 155.9mln shares - equivalent to 10% of the current issued share capital of the company.

McNeilly also talks through its financing arrangement with a global investment bank that was announced earlier this week.

They're using 1.68mln Sandfire Resources shares as security for the financing.

Quick facts: Metal Tiger PLC

Price: 1.635 GBX

AIM:MTR
Market: AIM
Market Cap: £24.89 m
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Investor Update: Metal Tiger 'encouraged' by wide zones of copper...

Headlines from the Proactive UK newsroom. Metal Tiger (LON:MTR) has reported visible wide zones of copper mineralisation from exploration at Okavango in Botswana. The cores have yet to be analysed but the junior said the presence of trace copper sulphides over a total interval of...

on 6/12/19

2 min read